Are you working extra hard to earn more money with the hope that more spending power would make you happier? Think again!
Pursuit of money and possessions takes time away from more personally fulfilling activities and social relationships, making you unhappier in the process, suggests researchers.
“Cooling the consumption-driven economy, working less and consuming less are better for the environment and better for humans, too,” said Miriam Tatzel from Empire State College, State University of New York in the US.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
Positive psychology, or the study of happiness, well-being and quality of life, provides the answers to what really brings happiness to consumers, Tatzel said in her presentation of overview of psychological research.
Several studies have determined that people’s basic psychological needs include competence, autonomy, positive relationships, self-acceptance and personal growth.
Materialism is not only bad for the environment, it is bad for consumers’ well-being too, Tatzel added.
“People’s wants escalate as they tire of what they have and they want something else, which in turn leads to more consumption and more waste in landfills, more energy consumed and more carbon emitted into the atmosphere,” she said.
“The larger the gap between what one wants and what one has, the greater the dissatisfaction. Less materialism equals more happiness,” she added.
According to the researcher, people are more likely to be happy by cultivating personal talents and relationships more than money and fame, and by having an independent sense of self that results in not caring much what others think of their possessions.
The presentation was made at the American Psychological Association’s 122nd Annual Convention.